Can Cardano supplant Ethereum?Ethereum has seen a majestic rise up the chart over the last few weeks to a high of nearly $4400. A recent dip notwithstanding, all looks rosy for the number two ranked cryptocurrency. However, there are a few sizeable obstacles in the way. Could Cardano continue its own meteoric rise and take a big market share…[Read more]

EY invests $100 million to expand blockchain product suite, launches DeFi contract simulator“Big Four” accounting firm, Ernst & Young Global Limited, or EY, is continuing to invest heavily in blockchain, investing $100 million into engineering and developing distributed ledger technologies for a range of enterprise applications.

On May 17, EY rev…[Read more]

Ripple’s Director of Developer Relations on RippleNet, ODL, $XRP, and $XLMRecently, Matt Hamilton, Director of Developer Relations at FinTech firm Ripple, took the time to address some of the common misconceptions regarding the formation of Ripple, payment network RippleNet, On-Demand Liquidity (ODL), and digit asset XRP. He also explained the r…[Read more]

1.1M noobs panic sell, but Bitcoin hodlers DGAFWhile new entrants to Bitcoin markets have been panic selling at a loss, the recent market slide has not vexed the old hands.

Heavy selling in response to hints from Elon Musk that Tesla (NASDAQ:TSLA) may soon sell its BTC stash saw Bitcoin prices tumble to their lowest levels in 20 weeks as the…[Read more]

Luxury yacht firm accepts Bitcoin, hosts mobile and web services on blockchainA luxury yacht firm has announced it will begin accepting cryptocurrency for its services and expects to see an immediate 40% growth increase from Bitcoin (BTC) payments in the first year.

In addition to accepting Bitcoin payments, the firm also announced that it would…[Read more]

Norwegian Air says debt reconstruction plan approvedOSLO (Reuters) – Norwegian Air’s court-ordered debt reconstruction plan is now legally binding, and the airline expects to complete its financial rescue as planned on May 26, it said on Tuesday.

No creditors have filed appeals against the scheme, which was overseen by courts in Norway and…[Read more]

Home Depot beats same-store sales estimates(Reuters) – Home Depot Inc (NYSE:HD) beat quarterly same-store sales estimates on Tuesday, as demand remained strong for the top U.S. home improvement retailer’s products even as vaccinations opened up more traditional avenues for consumers to spend their money.

Same-store sales rose 31% in the first…[Read more]

Institutions dump BTC as volume soars for Ether fundsCoinShares’ weekly Digital Asset Fund Flows report has revealed last week saw the largest Bitcoin in the report’s history as Elon Musk’s Twitter account again wreaked havoc in the crypto markets.

The May 17 report notes $98 million exited Bitcoin investment products last week, equating to 0.2%…[Read more]

Elon Musk impersonators make bank as crypto scammers’ profits surgeThe United States Federal Trade Commission has found that crypto scammers’ profits spiked in the last two months, noting a surge in fraudulent impersonators posing as prominent figures associated with digital assets, such as Elon Musk.

The findings report that cryptocurrency i…[Read more]

Stellantis, Foxconn to form JV for connectivity solutionsMILAN (Reuters) – Carmaker Stellantis and iPhone assembler Foxconn said on Tuesday they plan to create a joint-venture that will supply in-car and connected-car technologies.

The two companies have signed a non-binding memorandum of understanding to form Mobile Drive, a 50-50 joint venture…[Read more]

Fox teams up with Rick and Morty co-creator on animated NFT seriesFox Broadcasting Company has teamed up with Rick and Morty co-creator Dan Harmon to develop what they describe as the “first-ever animated series curated entirely on the Blockchain.”

The animated comedy series, dubbed “Krapopolis,” will be launched alongside a dedicated marketp…[Read more]

Revuto Raises $1.7M To Support Payment Development on ADARevuto raises $1.7 million on its private round.
The team plans to support the development of a crypto payment solution on Cardano.
Revuto will be conducting a live event on Youtube on May 19, 2021.
On Tuesday, Revuto completed a $1.7 million private token sale. The token sale proceeds will…[Read more]

Bitcoin price metric flashes rare ‘buy the dip’ opportunity at $42K lowsBitcoin (BTC) is facing a make-or-break moment this week as a classic indicator signals a price watershed.

According to the network value to transaction (NVT) price, BTC/USD is in line for a reset at recent lows of just above $42,000.

BTC/USD vs. NVT price chart. Source: Wil…[Read more]

Vitalik burns $6.7B of Shiba to reward generous hodlersEthereum co-founder Vitalik Buterin has burned nearly half of the supply of the popular Dogecoin (DOGE) clone Shiba Inu (SHIB).

In a statement embedded into the transaction on Sunday, Buterin explained why he had decided to burn $6.7 billion worth of SHIB tokens, emphasizing the…[Read more]

Institutional fund acquires $5m in PLU – backing a MetaMask killer AppPlutus, a pioneering DeFi start-up has received $5 million in funding from a prominent crypto fund, Alphabit, in light of their upcoming product release, a crypto wallet that includes both Ethereum and Bitcoin which could rival the likes of MetaMask.

Bitcoin recently hurdled t…[Read more]

Bitcoin Can Hit $125,000 in 2021 Says Fundstrat’s Tom LeeFundstrat’s Tom Lee has adjusted his Bitcoin price prediction to $125,000.
He mentions that Tesla’s reversal will encourage crypto to focus on renewables.
Currently, Bitcoin’s value trails around $45,490.
Fundstrat’s Managing Partner Tom Lee has adjusted his Bitcoin price predictio…[Read more]

Paralink Partners With Polkalokr to Integrate Token LockingParalink announced a partnership with Polkalokr.
The partnership will enable Polkalokr to use Paralink’s multi-chain oracle.
Paralink announced a partnership with Polkalokr. The team said they are pleased to team up with Polkalokr. Polkalokr is a highly customizable escrow for token e…[Read more]

State-backed digital currencies can disrupt financial systems: ReportCentral bank digital currencies, or CBDCs, could pose a threat to financial systems if related risks are not managed, Big Three credit agency Fitch Ratings has warned.

Fitch Ratings released a report on Monday entitled “Central Bank Digital Currencies: Opportunities, Risk and D…[Read more]

Breakneck speed of crypto adoption could result in whiplash, warns wallet execCryptocurrency adoption on a United Kingdom-based payment app is booming in the first quarter of 2021, but whether that trend continues could depend on the actions of Bitcoin (BTC) evangelists like Elon Musk, warns STICPAY director James Bay.

The mobile payments app…[Read more]

Is Bitcoin nearing another Black Thursday crash? Here’s what BTC derivatives suggestBitcoin’s 51.4% crash in March 2020 was the most horrific 24-hour black swan event in the digital asset’s history. The recent price activity of the past week has probably resurrected similar emotions for investors who experienced the Black Thursday crash.

Over t…[Read more]